Rick Pitino Hopes to Recruit a Tenant for His Florida Mansion at $90K a Month

Rick Pitino Hopes to Recruit a Tenant for His Florida Mansion at K a Month

Former college basketball coach Rick Pitino hopes to pass his Florida mansion to a deep-pocketed tenant. Moving into the coaching legend’s exclusive neighborhood will set you back $90,000 month.

With his college coaching career over, thanks to fallout from a federal bribery scandal, Pitino would love rental income to start flowing in.

His Indian Creek, FL, home has bounced on and off the market for few years. Back in 2016, the place was for sale for $25.9 million, and it’s still available for purchase for $23.9 million, if you’re ready to commit for more than a few months.

Located on Indian Creek Island, the property is one of as few as 40 waterfront homes on the island. The listing is the only home available either to rent or buy on the island, which is situated just north of Miami Beach.

The luxury abode offers eight beds, 10.5 baths, and 9,700 square feet of living space.

Remodeled and expanded in 2016, the Mediterranean-style manse includes a living room, formal dining room, a chef’s kitchen, and family room. Upstairs, there’s a master suite with an office, another living room, and a gym.

The 1.2-acre grounds include 118 feet of water frontage, a tropical backyard, a resort-style pool with built-in pool lounge, and an outdoor kitchen. The property also includes a four-car garage and a large boat dock.

Offered fully furnished for a tenant with the means to spend nearly six digits a month on rent, the waterfront estate is located on the private island, which is guarded by police and has an 18-hole golf course and country club.

This is just one of two Florida homes the coach was juggling. His nearby Bal Harbour, FL, home sold for $3.3 million in 2017, after originally coming onto the market for $4.15 million the year before.

Elected to the Naismith Memorial Basketball Hall of Fame, Pitino is the only coach to lead three teams to the Final Four. In 2017, he was fired from Louisville after a massive bribery probe involving recruits.

Now 66, the coach is looking for a way back into the NBA, where he’d previously coached the Boston Celtics and the New York Knicks.

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